18,000 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,000 shares of the technology company's stock, valued at approximately $2,791,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MetLife Investment Management LLC grew its position in shares of Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after purchasing an additional 77 shares during the period. Alaethes Wealth LLC grew its position in shares of Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after purchasing an additional 78 shares during the period. Allworth Financial LP grew its position in shares of Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after purchasing an additional 80 shares during the period. Venturi Wealth Management LLC grew its position in shares of Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the period. Finally, Wedbush Securities Inc. grew its position in shares of Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock valued at $347,000 after purchasing an additional 84 shares during the period. 84.04% of the stock is owned by institutional investors.

Generac Stock Performance

Generac stock traded up $2.09 during mid-day trading on Friday, hitting $129.55. 695,890 shares of the company's stock traded hands, compared to its average volume of 853,088. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.44 and a beta of 1.73. The firm has a 50 day simple moving average of $120.06 and a two-hundred day simple moving average of $146.73. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. On average, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Robert W. Baird decreased their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Bank of America initiated coverage on shares of Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Finally, UBS Group raised their price target on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.20.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.